Amundi Increases Stake in Thomson Reuters Corp $TRI

Key Points

• Amundi increased its Thomson Reuters stake by 41% in the second quarter, bringing its holdings to 564,556 shares worth approximately $46.1 million. Institutional investors collectively own 17.31% of the company.
• Analysts maintain a generally positive outlook, with Thomson Reuters receiving a “Moderate Buy” consensus rating and an average price target of $131.57.
• Thomson Reuters exceeded quarterly expectations, reporting $0.99 in EPS and $1.93 billion in revenue, up 9.5% year over year. The company also pays a quarterly dividend of $0.655 per share, yielding about 2.7% annually.

Amundi boosted its position in Thomson Reuters Corp (NASDAQ:TRI - Free Report) by 41.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 564,556 shares of the company's stock after acquiring an additional 164,034 shares during the period. Amundi owned 0.13% of Thomson Reuters worth $46,107,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in TRI. Empowered Funds LLC bought a new stake in Thomson Reuters during the 4th quarter valued at $30,000. Timmons Wealth Management LLC bought a new position in shares of Thomson Reuters in the fourth quarter worth $42,000. Continuum Advisory LLC bought a new position in shares of Thomson Reuters in the second quarter worth $45,000. Western Wealth Management LLC bought a new position in shares of Thomson Reuters in the first quarter worth $48,000. Finally, J.Safra Asset Management Corp purchased a new position in shares of Thomson Reuters in the fourth quarter valued at $56,000. 17.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TRI shares. Wells Fargo & Company set a $85.00 price objective on Thomson Reuters and gave the company an "equal weight" rating in a research note on Tuesday, June 30th. Scotiabank restated a "sector outperform" rating and issued a $135.00 target price on shares of Thomson Reuters in a research note on Thursday, August 6th. Weiss Ratings raised Thomson Reuters from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, August 24th. Barclays decreased their price target on Thomson Reuters from $140.00 to $130.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Royal Bank Of Canada increased their price target on shares of Thomson Reuters from $121.00 to $124.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Thomson Reuters presently has an average rating of "Moderate Buy" and a consensus price target of $131.57.

Thomson Reuters Stock Performance

NASDAQ:TRI opened at $95.71 on Friday. The business's 50-day moving average price is $99.50 and its two-hundred day moving average price is $93.50. Thomson Reuters Corp has a twelve month low of $76.28 and a twelve month high of $174.34. The stock has a market cap of $41.69 billion, a P/E ratio of 25.48, a PEG ratio of 1.86 and a beta of 0.74. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.12.

Thomson Reuters (NASDAQ:TRI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.96 by $0.03. Thomson Reuters had a return on equity of 15.82% and a net margin of 21.22%.The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Thomson Reuters's revenue was up 9.5% on a year-over-year basis. As a group, equities analysts predict that Thomson Reuters Corp will post 4.48 EPS for the current fiscal year.

Thomson Reuters Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 19th were given a dividend of $0.655 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.62 annualized dividend and a dividend yield of 2.7%. Thomson Reuters's dividend payout ratio (DPR) is 69.68%.

About Thomson Reuters

Thomson Reuters Corporation is a global provider of information, software, and technology solutions for professionals and institutions. Its products and services support legal professionals, corporations, tax and accounting firms, governments, and media organizations, helping customers manage regulatory requirements, research information, analyze data, and improve workflow efficiency.

The company's offerings include legal research and practice-management solutions, tax and accounting software, corporate compliance and risk-management tools, and products designed for government and regulatory users.

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